> For the complete documentation index, see [llms.txt](https://docs.globalgold.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.globalgold.finance/global-gold-1/global-gold-tokens/global-gold-bars/non-custodial-and-risk-model.md).

# Non-Custodial & Risk Model

Global Gold Bars are designed to avoid introducing new counterparty, issuer, or custodial risk at the protocol level.

Key points:

* The protocol never takes possession, custody, or control of physical metal
* Vaults retain physical custody and regulatory compliance, and delivery responsibilities
* Title transfer occurs only at the vault level
* The protocol defines standardized rules, metadata schemas, and automated settlement workflows

This separation allows Global Gold to function as infrastructure rather than an intermediary.